Birdwatch Note Rating
2023-07-03 11:43:39 UTC - HELPFUL
Rated by Participant: 8B77DF6F8032B5A70D0B6072657A1FC9BE413540C14CF7CADBBBA99DF4CB80D6
Participant Details
Original Note:
The President alone cannot forgive student loan debt; it takes an act of Congress to take funds from the US Treasury. https://www.law.cornell.edu/constitution-conan/article-1/section-9/clause-7/appropriations-clause The CARES act (overseeing PPP Loans) was passed by Congress. PPP loans were for payroll and designed to be forgiven when used for that purpose. https://crsreports.congress.gov/product/pdf/R/R46397
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